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Ocean Credit Card Review [by Capital One]

Last Updated on July 6, 2020 By Lisa C. Townes Leave a Comment

It is feasible to take a loan from the bank with a minimum interest rate to resolve your financial needs. Ocean Card Reviewed critically to evaluate the worth as well as help the decisions.

If you are new to use a credit card, first you have to be aware of what are the advantages and disadvantages that can be faced while using. So be smart and use smartly, and then know the % of APR (variable) and get the report of eligible credit through quick check response in a few seconds.

Ocean Credit Card reviews which have an initial limit from £200 to £1,500

The Ocean credit card is issued by Ocean Finance a broker but Capital One is the exclusive lender. This product is meant to give online suppose to those

  • Who are struggling to get accepted for a credit card
  • Who are new to the UK
  • Who has a low income
  • Who are self-employed
  • Who has a poor credit history

Table of Contents

  • Ocean Credit Card
    • Representative Example
    • How does Ocean Credit Card Work?
    • Representative
    • Ocean Credit Card Rewards Details
    • Ocean Card Applying Criteria
    • Ocean Credit Card Introductory Features
    • Standard Balance Transfers
    • Standard Purchases
    • Standard Cash Withdrawal
    • Payment Details
    • Ocean Credit Card Charges
    • Charges for Foreign Usage
    • Ocean Charges for Card Withdrawal
    • Ocean Credit Card Management
  • Ocean Credit Card Extras
    • Ocean Mobile App
    • Fast Response
    • Email and Text Alerts
    • Ocean Joint Account
  • Pros and Cons
    • Pros
    • Cons
  •  Bottom Line

Ocean Credit Card

It also gives online support to people who want to take the loan from lenders and who want insurance for their vehicle, home, and life insurance.

  • Initial limit of £200 to £1,500
  • This amount depends on your economic situation and credit history.
  • Ocean card’s representative APR is 39.9%
  • It has no annual fee but if you cross your credit limit you will be charged £12

Representative Example

On purchases, the standard interest rate is 39.94% p.a (variable) with 39.9% APR Representative variable.

The card gives limited rewards but you can take advantage of free reminder text messages which assist customers to stay on top of the account. The ocean credit card also gives the QuickCheck service to check your eligibility for a credit card.

This Quick check service will not harm your credit score.

It Plays a role in increasing the credit score and can achieve the best deals by repaying the amount in time to secure your credit limit to improve your credit rating.

How does Ocean Credit Card Work?

  • Login Ocean online to manage your account.
  • It gives one straightforward interest fee to all types of exchanges you did.
  • It simply oversees limits between £ 200 and £ 1,500.
  • You can add up to 3 other cardholders and can also keep track  your card expenses
  • You have a possibility to review your credit limit two times per year.
Representative APR (variable)34.9%
Reward schemeNO
Purchase interest p.a34.9
Cash withdrawal APR34.9
Annual card fee£0

Representative

Assume borrowing of £1,200 for 1 year, at a p.a of 34.94% (variable), representative APR variable 34.9%.

Ocean Credit Card Rewards Details

People with bad credit if meet their repayments on time every month and stay below their credit limit can start to improving credit rating.

Ocean Card Applying Criteria

Minimum income required to open the accountN/A
Can be used for building the credit ratingyes
Opening an account  by invitation onlyyes
Account  for existing customers onlyyes
Minimum age to open an account18
Further notes about eligibilityN/A

Ocean Credit Card Introductory Features

Rate periodN/A
Annual interestN/A
FeeN/A
Min feeN/A
Max feeN/A

Standard Balance Transfers

Annual Interest$ 39.94%
Fees$ 3.00%
Minimum FeesN/A
Maximum FeesN/A

Standard Purchases

Annual interest$ 39.94%

Standard Cash Withdrawal

Annual interest$ 39.94

Payment Details

Maximum interest fees days56
Days to pay26
Minimum monthly payment %1.00%
Minimum monthly payment  ££ 5

Ocean Credit Card Charges

Returned payment fees£12
Late payment fee£12
Exceeding limit fees£12

Charges for Foreign Usage

Foreign usage fee in Europe£ 2.75 %
Foreign usage withdrawal fees worldwide£ 2.75%

Ocean Charges for Card Withdrawal

Charges for cash withdrawalsN/A
% of cash withdrawal£ 3.0%
Min charge£ 3

Ocean Credit Card Management

You can manage Ocean credit card payments by:

  • Branch
  • Online
  • Telephone

Ocean Credit Card Extras

Ocean Mobile App

Through the mobile app, you can easily manage your account with your mobile phone anytime, anywhere. The app is available to customers with Digital Banking and the UK or international mobile number in specific countries.

Fast Response

You can get to know about your eligibility within 60 seconds.

Email and Text Alerts

By this feature, you receive email or text alerts that allow you to manage your payments on time and that alerts also permits you to know about your credit limit.

Ocean Joint Account

You can open ocean account as a joint bank account.  Two people can manage their finances through this facility. It may be best if you need to make shared payments, e.g. rent household bills, etc.

Pros and Cons

Pros

  • Facilitates you with step by step instruction so that you can get to know the benefits of using this card and get more rewards.
  • Before processing the application, they will examine all the details to know your eligibility and card limit so that you can get the maximum facility.
  • Gives a better chance to improve or reconstruct your credit score.
  • It is completely safe to apply for a credit card.
  • it secures your data from interlopers.

Cons

  • If you don’t pay your monthly payments in time or leave any step you may stick at some point.

 Bottom Line

To summing up, by filling the address that you were living for recent years, work status and pay points of interest should be checked by the group of Ocean Credit Card Reference Agencies so that they know the offers that suit you. In the meantime, it will demonstrate the eligibility of your Ocean credit card value to make utilization of it.

Never harms your credit score; however, you have the opportunity to enhance your Credit score rating by utilizing the credit card accurately in your normal life for a better reason.

lisa
Lisa C. Townes

Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger

Filed Under: Banking & Finance Tagged With: Capital One, Credit Card, credit card reviews, Ocean Credit Card, UK Banks

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